In the case of share capital increase of a listed company with rights issue, the old shareholders of a company are usually given a preference right. The company informs the CSD about the date of preference rights cut-off, which is the date that defines who are at the moment the shareholders of the company, and therefore, who will consequently have preference right at the share capital increase. Every investor has as many preference rights as the securities he already owns the day before the date of cut-off.

CSD automatically produces the rights after the settlement of the rights cut-off date and informs the investor Securities Accounts with as many rights as the shares they owned on the date above.

The shareholder has the possibility either to sell his rights during the trading period defined by the listed company or to exercise them in order to transfer them in securities, by versing the relative price to a bank defined by the listed company declaring the Investor Share, the Securities Account and his Operator. Once the exercising period is over and after having received the relative approval from ATHEX, the listed company informs the CSD about the new shareholders and the securities that each one owns. The new securities are temporarily registered in the investor's account and become available the first day of the trading of the new securities.